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Fonterra Shareholders Fund growth threat to farmer control even if they can t vote: Chairman 12 May, 2021 05:35 AM 5 minutes to read Fonterra board aiming for November shareholder vote on capital restructure. Photo / File The Fonterra Shareholders Fund does not have voting rights in New Zealand s biggest business, but it does have influence, which is a form of control, says chairman Peter McBride. The greater the size of the fund, the greater the level of influence it can bring to bear on the co-operative s leadership. Fonterra farmer-shareholders and unitholders had different ideas about risk and value, he said. Read More McBride was responding to an argument against axing or capping the $500 million Fonterra Shareholders Fund, in which the non-farming public can invest through buying units in farmer shares. ....
A2 Milk remains in influential MSCI index, for now 12 May, 2021 01:20 AM 4 minutes to read A2 Milk has remained in the influential MSCI index. Photo / NZ Herald A2 Milk has remained in the MSCI index, which is used extensively by exchange traded funds to weight their investments, but its days of being part of the influential benchmark may be numbered. The alternative milk company s shares have languished in recent months after peaking at $21.50 last August as its profitability became increasingly challenged, giving rise to speculation that it may be removed from the index. Read More The index is reviewed quarterly - in February, May, August and November. ....
Rocket Lab s Peter Beck reveals details of second retrieval mission, dismisses IPO ambulance chasers 12 May, 2021 05:40 AM 5 minutes to read Rocket Lab chief executive Peter Beck. Photo / Supplied Rocket Lab chief executive Peter Beck has revealed more details of his company s second rocket retrieval mission - which could be as soon as Saturday when a 10-day launch window opens - and told media that everything is on track for his company s US$4.1 billion ($6b) Nasdaq listing in the second quarter. Read More The listing will be through a merger with Cayman Islands-incorporated Vector Acquisition, an example of the spac (special-purpose acquisition company or blank cheque company ) phenomenon that has recently become de rigueur for tech listings in the US because, in the manner of a reverse listing, it eases red tape, and lowers costs and disclosure thresholds. ....
Comedy Festival review: Stories for Adults, Angella Dravid 12 May, 2021 05:31 AM 3 minutes to read By: Ethan Sills In the four years since winning the Billy T Award, Angella Dravid has rapidly become one of New Zealand s most recognisable comedians. After appearances on Jono and Ben, Golden Boy, Creamerie, and, most notably, Taskmaster NZ – which she won – there are few local shows she hasn t shown up on yet. One of Dravid s most notable characteristics that comes out often in panel shows or in lineups is her awkward, shy delivery, which has helped make her stand out against some of the larger than life figures in local comedy. ....
The COVID-19 strain, which is currently ravaging India, has been found in Nigeria The strain was detected by the African Centre of Excellence for Genomics of Infectious Diseases in the Redeemers University, Ede, Osun State nearly three weeks ago and has been communicated to the Nigeria Centre for Disease Control (NCDC)..The Advocate ....